KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
S&P 500 Falls Into Correction Territory as Trump's Trade War Escalates: Here's What History Says Could Happen Next
The S&P 500 Index officially entered correction territory on Thursday, marking a swift 10% decline from its recent high. This decline was driven by escalating global trade tensions, particularly due to President Donald Trump's aggressive tariff policies. Quick Fall Into Correction The S&P 500 fell 1.4% on Thursday, closing at 5,521.52 . This drop pushed the index more than 10% below its recent peak of 6,144.15 , which was reached on February 19 . The correction took only 16 trading days , making it the fastest peak-to-correction decline since the onset of the COVID-19 pandemic in March 2020. What History Tells Us Historically, the market tends to experience some turbulence after entering correction territory: In the first month after a correction, the S&P 500 typically shows an average negative return of 1.7% . However, stocks tend to recover ov...